Compiling with g++ using multiple cores
There is no such flag, and having one runs against the Unix philosophy of having each tool perform just one function and perform it well. Spawning compiler processes is conceptually the job of the build system. What you are probably looking for is the -j (jobs) flag to GNU make, a la
make -j4
Or you can use pmake or similar parallel make systems.
You can do this with make - with gnu make it is the -j flag (this will also help on a uniprocessor machine).
For example if you want 4 parallel jobs from make:
make -j 4
You can also run gcc in a pipe with
gcc -pipe
This will pipeline the compile stages, which will also help keep the cores busy.
If you have additional machines available too, you might check out distcc, which will farm compiles out to those as well.